Sign into FXTrade

Don't have an account? Register now

A EURO bear market rally in the making

Posted by Dean Popplewell at 5:49 am EST, 03/12/2010

The EUR has fallen 10% vs. the dollar in 4-month’s and is now contained in this narrow monthly range. Is this the fair value of the EUR? It’s lost 5% this year over European sovereign debt problems and the possibility that Trichet will fall behind Bernanke in hiking rates. The contagion scenario, referring to Spain and Portugal, has traders leaning left of center in their EUR positions. However, the record ‘short’ bets are in danger of feeling a ‘whiplash effect’. [...] read more

Filed under: Dean's FX, USD, EUR, GBP, CHF, JPY, AUD, CAD
Forex Rates
Interest Rates

Some of OANDA's currency tools require Adobe's Flash Player.

Market Pulse »

EU Credit Rating Watch Widens

Posted by Scott Boyd 12:10 pm EST, 03/12/2010

The difficulties facing the smaller economies in the European Union have made daily headlines for months now. Within the past year, several EU-member nations have been on the wrong end of a credit ratings downgrade, and given current conditions, the likelihood of further cuts grows with each passing day. It has been just over a year since Spain saw Standard & Poors reduce its credit rating from AAA to AA+. S&P also trimmed Portugal’s credit worthiness rating from AA+ to AA-. [...] read more

Filed under: EUR

Bank of Japan

The Bank of Japan was established in 1882 as the nation's central bank under the Bank of Japan Act. It was reorganized during wartime ("The Act of 1942") so that "the general economic activities of the nation might adequately be enhanced." The Act of 1942 was amended several times after World War II, including a change in 1949 to establish the Policy Board as the Bank's highest decision-making body.

Forex Insights »

Posted under: USD, EUR, GBP, CHF, JPY, AUD, CAD at 10:00 am EST, 03/12/2010
Next
Previous

Economic Exposure »

US Economy loses 36,000 jobs, NFP Report

Posted by Alfonso Esparza 8:50 am EST, 03/05/2010

U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls. The Labor Department said job losses for December and January had been revised to show 35,000 fewer jobs lost than previously reported. Analysts polled by Reuters had expected non-farm payrolls to drop 50,000 last month and the unemployment rate to edge up to 9.8 percent. [...] read more

Filed under: USD

Central Bank Watch »

Swiss Franc Falls on SNB Announcement

Posted by Scott Boyd 9:38 am EST, 03/11/2010

The Swiss franc lost ground to most of the major currencies today, after the Swiss National Bank announced that it would maintain current interest rate levels. The Bank noted that it was seeing more “tangible” signs of recovery and would now act “decisively” to prevent an excessive rise in the value of the currency. Source: Reuters read more

Filed under: CHF

Forex News Roundup »

EU to Discuss Greek Rescue Plan
Posted by: Scott Boyd 10:52 am EST, 03/12/2010
China’s Demand for Oil Surges 28%
Posted by: Scott Boyd 8:58 am EST, 03/12/2010
U.S. Retail Sales Beats Street Predictions
Posted by: Scott Boyd 8:51 am EST, 03/12/2010
Canada’s Unemployment Rate Falls to 8.2%
Posted by: Scott Boyd 8:44 am EST, 03/12/2010

Latest Articles

EU Credit Rating Watch Widens
Posted by Scott Boyd at 12:10 pm EST, 03/12/2010
EU to Discuss Greek Rescue Plan
Posted by Scott Boyd at 10:52 am EST, 03/12/2010
China’s Demand for Oil Surges 28%
Posted by Scott Boyd at 8:58 am EST, 03/12/2010
March
15
Today’s Global
Market Events
7:30am
CAD
New Motor Vehicle Sales m/m
0.0% vs. 2.6%
USD
Empire State Manufacturing Index
20.3 vs. 24.9
8:00 am
USD
TIC Long-Term Purchases
37.9b vs. 63.3b
8:15 am
USD
Capacity Utilization Rate
72.7% vs. 72.6%
USD
Industrial Production m/m
0.1% vs. 0.9%
12:00 pm
USD
NAHB Housing Market Index
17 vs. 17
7:30 pm
AUD
Monetary Policy Meeting Minutes